Enterprise Financial Services (NASDAQ:EFSC) PT Lowered to $45.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target decreased by stock analysts at DA Davidson from $47.00 to $45.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 14.77% from the company’s previous close.

Several other research analysts have also weighed in on EFSC. Piper Sandler cut their target price on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods dropped their target price on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.75.

Enterprise Financial Services Price Performance

NASDAQ:EFSC traded up $0.01 during trading hours on Wednesday, reaching $39.21. 145,993 shares of the company traded hands, compared to its average volume of 142,611. The firm’s 50-day moving average is $39.40 and its 200-day moving average is $40.04. The stock has a market cap of $1.47 billion, a P/E ratio of 8.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services has a 1-year low of $32.97 and a 1-year high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a return on equity of 11.50% and a net margin of 20.60%. The firm had revenue of $166.18 million for the quarter, compared to analysts’ expectations of $157.53 million. Equities research analysts expect that Enterprise Financial Services will post 4.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Enterprise Financial Services by 263.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after purchasing an additional 1,065 shares in the last quarter. Emerald Advisers LLC bought a new stake in Enterprise Financial Services during the third quarter worth approximately $67,000. Allspring Global Investments Holdings LLC raised its holdings in Enterprise Financial Services by 14.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock worth $138,000 after purchasing an additional 466 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Enterprise Financial Services in the third quarter valued at $201,000. Finally, Strs Ohio increased its holdings in shares of Enterprise Financial Services by 9.5% in the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.